# Income Tax (Earnings and Pensions) Act 2003, Section 637B: Pension commencement excess lump sums


A person to whom a pension commencement excess lump sum is paid under a registered pension scheme is treated as having taxable pension income for the tax year in which the payment is made equal to the amount of the lump sum.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/section/637B (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-637B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.